The Market Report – 3rd Quarter 2014
Overall, the real estate in Western North Carolina either stayed level or improved from the 2nd to the 3rd Quarter.
Primary market neighborhoods like Biltmore Forest, with it’s million dollar plus homes, Biltmore Lake, and Haw Creek, showed a modest increase in sales, more transactions, and higher list price to sale price percentage.
Lake Lure however, has shown a decrease in number of transactions and high-dollar sales. However, to put that in perspective, Lake Lure is a resort community of mostly secondary homes and the prime selling season is from Memorial Day to Labor day, so the decrease is to be expected.
